Beta distributed market shares in a spatial model with an application to the market for audit services

Hviid, Morten and Villadsen, Bente (1995) Beta distributed market shares in a spatial model with an application to the market for audit services. Review of Industrial Organization, 10 (6). pp. 737-747. ISSN 0889-938X

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Abstract

We show that if firms locate on a circle according to a uniform distribution, their market shares will be beta distributed. The result implies that concentration ratios will be skewed. We apply the result to the market for auditing services in the US and show the beta distribution outperforms other relevant distributions.

Item Type:	Article
Uncontrolled Keywords:	audit services,concentration indices,order statistics,spatial product differentiation,uniform distribution
Faculty \ School:	Faculty of Social Sciences > School of Law
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre Faculty of Social Sciences > Research Groups > Media, Information Technology and Intellectual Property Law Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Pure Connector
Date Deposited:	05 Feb 2014 13:36
Last Modified:	18 Apr 2023 23:48
URI:	https://ueaeprints.uea.ac.uk/id/eprint/45232
DOI:	10.1007/BF01024305

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